Baroda Home Loan

CIBIL Score

• CIBIL score preferably above 750

Required Documents

• Documents related to Public Limited Company / Pvt. Ltd. Company / Partnership Firms / LLPs.
• Declaration to be submitted every year related to total borrowings.
• Undertaking that the property will not be let out. If property is let out penal interest @ 2% to be levied from the date of letting out the property.
• Duly Filled and Signed Application form along with three Photographs
• Proof of Identity - PAN CARD (mandatory for loan application above Rs.10.00lacs
• Driver’s License / Voter ID / Passport / Aadhar Card
• Proof of Residence(Driver’s License / Ration Card/ Voter ID / Passport / Aadhar Card/ Registered Rent Agreement)
• If any previous loan then loan a/c statement for last 1 year along with sanction letter.( If loan from BoB, Account No / Cust Id required)
• Proof of assets held like LIC/NSC/KVP/MF/PROPERTY
• Assets and Liabilities statement

Loan Processing Charges

• Nil

Features

• Loan Tenure: up to 30 years.
• Bank of Baroda offers regular home loans to its applicants for purchasing flats/houses, construction of homes, plot purchase and extension of existing property.
• Home Loan products to suit every customers need
• The approved home loan amount varies according to location and income of the applicants.
• Low Interest Rates
• Low Processing Fee
• No Hidden Charges
• No Pre Payment Penalty
• The interest rate is linked to Baroda Repo Linked Lending Rate (BRLLR) of the bank and is reset monthly.
• Interest charges on Daily Reducing Balance
• Repayment up to 30 years
• Moratorium period up to 36 months after the loan amount is disbursed.
• Generally, we accept mortgages of the constructed or purchased property as collateral. In some cases, collateral for home loans can be accepted in the form of insurance policies, government promissory notes, shares and debentures, gold ornaments and other property etc.
• Easy top-up loans
• Free credit card
• Higher loan amount
• Longer tenures